Kinder Boosts Stake In $430M Texas Oil Terminal To 98%

Law360, New York (January 4, 2012, 1:41 PM EST) -- Kinder Morgan Energy Partners LP bought out its partner's 50 percent stake in a $430 million Houston oil terminal, boosting its own share to 98 percent, the energy transport and storage company said Wednesday.

Kinder Morgan Energy bought TransMontaigne Partners LP's interest in the docking and storage company that started construction on the terminal Dec. 14, Kinder Morgan Energy said in a statement. The remaining 2 percent will be held by a customer at the terminal.

Kinder Morgan Energy said ownership of the Battleground Oil Specialty Terminal Co....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.